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Forex Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

Malagasy Ariary/Euro (FOREX:MGAEUR)

Countertrend Up (+85) - MGAEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid MGAEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAEUR
Open High Low MGAEUR Price Change
0.00023436 0.00023436 0.00023436 0.00023436 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAEUR

long term up The long-term trend has been UP since Nov 24th, 2021 at 0.00022349

intermediate term up The intermediate-term trend has been UP since Jun 17th, 2022 at 0.00023157

short term up The short-term trend has been UP since Jun 7th, 2022 at 0.00023125

Smart Scan Analysis for MGAEUR

Based on our trend formula, MGAEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for MGAEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00023436 0.00023436 0.00023436 0.00023436 0.00000000
Prev. Close Volume Bid Ask Time
0.00023302 2022-06-18 05:16:22
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